The consumer confidence indicator in Belgium dropped for the second month in a row to -11 in September 2019, the lowest level since October 2016, as forecasts regarding the economic situation deteriorated (-22 vs -20) and fears of a future rise in unemployment increased (18 vs 13). As for their own personal situation, households are also expecting their financial situation to get even worse (-4 vs -2), while their savings intentions remained unchanged (at -1). Consumer Confidence in Belgium averaged -7.14 Percentage Points from 1985 until 2019, reaching an all time high of 16 Percentage Points in August of 2000 and a record low of -28 Percentage Points in January of 1985.
Consumer Confidence in Belgium is expected to be -4.00 Percentage Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Belgium to stand at -7.00 in 12 months time. In the long-term, the Belgium Consumer Confidence is projected to trend around -5.00 Percentage Points in 2020, according to our econometric models.